In November 2016, it was reported that Gray was under consideration as Treasury Secretary for the incoming presidential administration of Donald Trump. Marital status: Married . Blackstone Group's chairman has made clear to senior executives that 43-year-old real-estate specialist Jonathan Gray is the front-runner should the current president depart within the next few years. [21] Blackstone sold the last of its Invitation stake in late 2019 for a total reward of about $7 billion.[22]. In addition, BREIT will purchase $150 million in MGP Class A shares. admin January 19, 2021 No Comments. [33] Town & Country (magazine) noted this work in its "Top Philanthropists of 2016" feature, in which the Grays were included. BlackStone Group LP ... the 2010s as the golden age for private market just given the supportive market backdrop and significant growth in the asset class. Jonathan Gray started at asset manager Blackstone Group fresh out of college in 1992 and later rose to head the firm's vaunted real estate group. There's less and less distressed housing," said Jonathan Gray, Blackstone's global head of real estate. making the deal one of the smartest of the era. ... Jonathan Gray-- … Gray now has $12 billion to invest, more dry powder than any other firm.Sports allegiance: "Rabid" Cubs fan is warming to the Yankees.NEXT: Jason Kilar, Paste this link into your favorite RSS desktop reader. Jonathan Gray, C'92, W'92 President & Chief Operating Officer, Blackstone Jonathan (“Jon”) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstone’s Board of Directors. Jonathan Gray Senior Managing Director, Blackstone. Jonathan Gray. Blackstone has raised $96bn in the last five years, $35bn more than second-placed Carlyle. There are 12 older and 2 younger executives at Blackstone Inc. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the call. Gray, 48, has run the firm's global real estate group since 2005. Jonathan Gray is known for making big bets and being kind of a nice guy. Stone. [12] Gray was named in Fortune's "40 under 40,"[13] in 2009. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[6] and was offered a position in the company's newly formed real estate private equity group shortly thereafter. Would you like Wikipedia to always look as professional and up-to-date? Finance that Jon Gray (above) was part of the private equity giant's succession plan. More recently, Gray has been a major Democratic supporter, including his backing of several Democratic presidential candidates in the 2020 election. [10], As global head of real estate, Gray oversees a diverse portfolio including hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. But Gray, who heads up the Blackstone Group’s real estate division, is a far newer member of the billionaires’ club. I use WIKI 2 every day and almost forgot how the original Wikipedia looks like. [11] Gray currently serves as Chairman of the Board of Hilton Worldwide, which went public in December 2013. Jonathan Gray (Blackstone), Keynote Speaker | Wharton MBA Graduation 2019, Steers Center for Global Real Estate 2015 Luminaries Event: A Conversation with Jonathan Gray, 2016 Real Estate Impact Conference - Keynote Session: Jon Gray. [6] In August 2013, Bloomberg estimated his net worth at just over $1.0 billion due to his owning 40.6 million Blackstone shares valued at $913 million combined with over $120 million in bonuses and salary. [28], Gray serves on the board of The Trinity School, as well as on the board of Harlem Village Academies,[29] a group of charter schools in New York City. [citation needed], In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. The 45-year-old Gray joined Blackstone in 1992 and became the global head of real estate in 2011. See Jonathan D Gray's compensation, career history, education, & memberships. It will enhance any encyclopedic page you visit with the magic of the WIKI 2 technology. Now 72, Schwarzman takes an active role in … BLACKSTONE CHARITABLE FOUNDATION. [6] In 1992, Gray graduated from the University of Pennsylvania (Penn) magna cum laude with a B.A. To Mr. Schwarzman, the notion appeared absurd. To Mr. Schwarzman, the notion appeared absurd. He also serves as chairman of Hilton Worldwide . 4. Jon Gray Blackstone Barry S. Sternlicht Starwood Capital Group 4:30 PM Exploring Growth vs. Value Moderator: Cliff Asness AQR Capital Management David Einhorn Greenlight Capital, Inc. Lee S. Ainslie III Maverick Capital 5:00 PM Fireside Chat Ken Griffin Citadel Paul Tudor Jones II Tudor Investment Corporation 5:30 PM Conference Day 1 Ends Go to next page for details on Jonathan D. Gray’s net worth and earnings. Blackstone's investment in Hilton was profiled in a September 2014 Bloomberg Businessweek cover story. She is the Chair of the Basser Leadership Council and serves on the boards of the University of Pennsylvania School of Medicine and NYC Kids RISE. Jonathan D. Gray (born February 4, 1970) is an American billionaire and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. "Blackstone Reports Record Year : Jonathan Gray's Real Estate Group Chips In 60% Of The Profits – Jewish Business News", "The Top 3 MLPs With 5%-Plus Yields (That Have Nothing To Do With Oil And Gas)", "Blackstone Group Raises €7.8 Billion for European Property Fund", "Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund", "Investment strategy: The new property barons", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Denmark to Change Law to Stop Blackstone Rent Hikes", "Warren CAlls Out Blackstone for "Shameless" Profies From Housing", "Blackstone Moves Out of Rental-Home Wager With a Big Gain", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers – here's the guest list", "Basser Center for BRCA – Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "WEDDINGS - Mindy Basser, Jonathan D. Gray", Mindy Basser [23] Gray withdrew his name from consideration and Steven Mnuchin was eventually nominated and confirmed as the Treasury Secretary. Age: 39 . [37], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. Mr. Gray previously served as the firm’s Global Head of Real Estate, which he helped to build into the largest real estate platform […] [34], In November 2016, The New York Times reported on a $10 million donation from the Grays to finance a pilot program that creates college savings accounts for thousands of New York City public school kindergartners. You could also do it yourself at any point in time. Note: To be eligible for Fortune's 40 under 40, candidates had to be 39 or younger on Nov. 1, 2009. The Danish Housing Minister called for the need for tighter regulations on Blackstone after the firm saw “an opportunity to push people out of their homes to get fast returns.”[20] Elizabeth Warren has criticized Blackstone for shamelessly profiting from the 2008 housing crisis. ... (Jon Gray, Blackstone’s president and a … Senior Managing Director, Blackstone ... Blackstone. “This has been a tough time,” he said, according to a participant who shared details from a transcript of the Congratulations on this excellent venture… what a great idea! We have created a browser extension. Jonathan D. Gray is a member of famous people who are known for being a Entrepreneur, celebrities who are 50 years old, was born in February, in the year 1970.His zodiac sign is Aquarius. In 2008, Gray led the firm's efforts in establishing Blackstone Real Estate Debt Strategies (BREDS), provider of high yield debt capital. He was made co-head of the real estate group in 2005 and named global head of real estate in 2011. 12 ] Gray withdrew his name from consideration and Steven Mnuchin was eventually nominated and confirmed as organization! From consideration and Steven Mnuchin was eventually nominated and confirmed as the organization 's second School. 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